SpaceX Shares Hit New High as Elon Musk’s Firm Agrees to Acquire AI Startup Cursor for $60 Billion

In brief SpaceX agreed to acquire AI coding startup Cursor in an all-stock deal valuing the company at $60 billion. The acquisition was disclosed in a June 16 SEC filing and is expected to close in the third quarter of 2026. Shares of SpaceX have climbed above $200 since the company’s IPO last week. SpaceX...